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The Dire Need for a Meaningful Fringe Increase

AssuredPartners

For the thousands of federal contractors working under SCA regulations, that number is crucial for employee morale and the strength of an employer’s benefits package. The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).

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Employee benefits for small businesses

Higginbotham

If employers don’t provide adequate compensation, they risk losing their workers. Gallup says that the cost of replacing an employee can range from one-and-a-half to two-times the employee’s annual salary. Some employers offer paid sick leave, but usually not enough to cover a serious health problem.

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Medical Debt Reform; How It May Impact Employer Group Health Plans

Griffin Benefits

It isn’t a secret that medical care is expensive, and many out-of-pocket costs under health plans have increased. The KFF Health Care Debt Survey finds that 41% of adults currently have some debt caused by medical or dental bills, many of which were one-time, unexpected costs. THE IMPACT ON EMPLOYER GROUP HEALTH PLANS.

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